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Property profile & analytics
OFF-MARKET
Estimated value
$590,000
Hotels
129 Paoakalani Ave, Honolulu, HI 96815-3708
Individually Owned
4-yr Hold
Property ID
US24-0599389
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1962
Construction
CONCRETE
Total area
31,052 SF
Lot
0.17 ac (7,265 SF)
Zoning code
U/X6/20
APN
1-2-6-027-037
UPID
US24-0599389
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Hotel Renew Hotel & Motel
-
Hotel Puppy 2 Hotel & Motel Bed & Breakfast
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$465k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$590k
Owner & transaction history
Thomas Kenneth Kuche · 4 yrs held
Thomas Kenneth Kuche
since 2022
Last sale
$697,490
7 recorded transactions
Zoning & alternative use
U/X6/20 · Honolulu, HI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Honolulu submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Honolulu submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$500,000
ML approach
$465,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$590k
Range $531k – $649k · ±10% · vs last sale $697k (Mar 31 2022)
Last sale anchor
$697k
Mar 31 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$19 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$318,716
Tax year 2023
Assessed value
$23,745,700
Assessed 2024
Previous assessed
$22,237,300
+6.8% YoY
Effective rate
1.34%
On assessed value
Assessed land
$15,045,800
Assessed improvement
$8,699,900
Land market value
$15,045,800
Improvement market value
$8,699,900
Total market value
$23,745,700
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1962
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
9
Units
72
Bathrooms
12
Total area
31,052 SF
Lot
0.17 ac (7,265 SF)
Zoning code
U/X6/20
APN
1-2-6-027-037
UPID
US24-0599389
Jurisdiction
HONOLULU
Zoning & alternative use
U/X6/20 · Honolulu, HI
Zoning U/X6/20 · permitted uses
U/X6/20 · Honolulu, HI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Honolulu. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1962
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
9
Units
72
Bathrooms
12
Lot
0.17 ac
Current owner
From public records · entity-resolved
Thomas Kenneth Kuche
Individual
Mailing address
129 PAOAKALANI AVE, HONOLULU, HI 96815-3708
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 31, 2022
$697,490
Thomas Kenneth Kuche
D R Horton Hawaii LLC
Deed
—
Nov 3, 2021
$27,700,000
Hotel Renew Partners LLC
Kw Jororo 129 Paoakalani LLC
Limited Warranty Deed
$19,600,000 · American Savings Bank Fsb
Jan 5, 2018
—
Kw Jororo 129 Paoakalani LLC
Renew Funding LLC
Special Warranty Deed
$16,000,000
May 30, 2013
$23,500,000
Renew Funding LLC
Z-tower LLC
Grant Deed
—
Oct 4, 2012
—
Z-tower LLC
—
Deed Of Trust
related
$18,000,000 · First Citizens Bank & Trust Co
Jun 24, 2009
—
Z-tower LLC
—
Deed Of Trust
related
$18,000,000 · First Regional Bank
Dec 22, 2005
$12,000,000
Z-tower LLC
Rhac Mauka Tower LLC
Grant Deed
$13,076,000 · First Regional Bank
May 31, 2005
$8,166,929
Rhac Mauka Tower LLC
Hwb 2507 Kalakaua LLC
Grant Deed
—
Jul 2, 2001
—
Hwb 2507 Kalakaua LLC
Park,patricia K
Trustees Deed
related
$80,000,000 · Hawaii Ventures LLC
—
—
Z-tower LLC
—
Deed Of Trust
related
$18,000,000 · First Regional Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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